VOYAGES A. GLANTZMANN : revenue, balance sheet and financial ratios

VOYAGES A. GLANTZMANN is a French company founded 51 years ago, specialized in the sector Transports routiers réguliers de voyageurs. Based in MASEVAUX-NIEDERBRUCK (68290), this company of category PME shows in 2023 a revenue of 2.4 M€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-05-09

Sources : INPI & INSEE SIRENE - Processing : Ministry of Economy

Financial history - VOYAGES A. GLANTZMANN (SIREN 304292683)
Indicator 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 2 414 699 € 1 953 864 € 1 557 944 € 1 294 636 € 1 888 921 € 1 836 253 € 1 828 612 € 1 805 614 €
Net income 124 123 € 17 535 € -105 584 € 1 262 € 30 753 € 10 950 € 46 467 € 62 174 €
EBITDA 201 208 € 55 281 € -62 744 € 46 571 € 46 559 € 19 828 € 60 944 € 84 532 €
Net margin 5.1% 0.9% -6.8% 0.1% 1.6% 0.6% 2.5% 3.4%

Revenue and income statement

In 2023, VOYAGES A. GLANTZMANN achieves revenue of 2.4 M€. Revenue is growing positively over 8 years (CAGR: +4.2%). Vs 2022, growth of +24% (2.0 M€ -> 2.4 M€). After deducting consumption (564 k€), gross margin stands at 1.9 M€, i.e. a rate of 77%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 201 k€, representing 8.3% of revenue. Positive scissor effect: EBITDA margin improves by +5.5 pts, sign of improved operational efficiency. This level of operating margin is satisfactory for the sector. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 124 k€, i.e. 5.1% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2023) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

2 414 699 €

Gross margin (2023) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

1 850 511 €

EBITDA (2023) ?
Gross Operating Surplus (EBITDA)
Definition
Resources generated by current operations, before depreciation and financial expenses.
Formula
Value added - Personnel expenses - Taxes
Interpretation
Positive = profitable activity

201 208 €

EBIT (2023) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

142 164 €

Net income (2023) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

124 123 €

EBITDA margin (2023) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

8.3%

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Chart evolution

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Assets

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Liabilities

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Solvency and debt ratios

Financial autonomy (= Equity / Total assets x 100) reaches 0%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 1.5 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 9.6% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. Satisfactory level allowing partial financing of growth.

Financial autonomy (2023) ?
Financial autonomy
Definition
Share of equity in the company's total financing.
Formula
(Equity / Total assets) x 100
Interpretation
> 30% : Good autonomy
20-30% : Average
< 20% : Low

0.0%

Cash flow / Revenue (2023) ?
Cash flow / Revenue
Definition
Self-financing capacity relative to revenue.
Formula
(CAF / CA) x 100
Interpretation
The higher the ratio, the more cash the company generates

9.573%

Repayment capacity (2023) ?
Repayment capacity
Definition
Number of years needed to repay debts with cash flow.
Formula
Financial debt / Cash flow
Interpretation
< 3 years : Excellent
3-5 years : Fair
> 5 years : Warning

1.477

Solvency indicators evolution
VOYAGES A. GLANTZMANN

Sector positioning

Debt ratio
65.04 2022
2021
2022
Q1: 0.16
Med: 21.64
Q3: 75.49
Average

In 2022, the debt ratio of VOYAGES A. GLANTZMANN (65.04) ranks above the median of the sector. This ratio measures the weight of debt relative to equity. A reduction effort could improve financial strength.

Financial autonomy
0.0% 2023
2021
2022
2023
Q1: 17.68%
Med: 35.91%
Q3: 55.55%
Average -40 pts over 3 years

In 2023, the financial autonomy of VOYAGES A. GLANTZMANN (0.0%) ranks below the median of the sector. This ratio represents the share of equity in total financing. An improvement would strengthen the competitive position.

Repayment capacity
1.48 years 2023
2021
2022
2023
Q1: 0.0 years
Med: 0.01 years
Q3: 1.57 years
Average +49 pts over 3 years

In 2023, the repayment capacity of VOYAGES A. GLANTZMANN (1.48) ranks above the median of the sector. This ratio indicates the number of years needed to repay debt with cash flow. A reduction effort could improve financial strength.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 0.00. Alert: short-term debt exceeds current assets. Risk of payment difficulties without cash reinforcement. The interest coverage ratio (= EBIT / Interest expenses) is 6.5x. Operating income very largely covers interest expenses: high safety margin.

Liquidity ratio (2023) ?
Liquidity ratio
Definition
Ability to meet short-term debts with current assets.
Formula
Current assets / Current liabilities
Interpretation
> 1.5 : Very good
1-1.5 : Fair
< 1 : Liquidity risk

0.0

Interest coverage (2023) ?
Interest coverage
Definition
Ability to cover interest charges with operating income.
Formula
EBIT / Interest expenses
Interpretation
> 3 : Comfortable
1.5-3 : Acceptable
< 1.5 : Risk

6.454

Liquidity indicators evolution
VOYAGES A. GLANTZMANN

Sector positioning

Liquidity ratio
0.0 2023
2021
2022
2023
Q1: 119.7
Med: 175.15
Q3: 289.47
Watch -73 pts over 3 years

In 2023, the liquidity ratio of VOYAGES A. GLANTZMANN (0.00) ranks in the bottom 25% of the sector. This ratio measures the ability to cover short-term debt with current assets. A ratio below 1 may signal potential cash flow tensions.

Interest coverage
6.45x 2023
2021
2022
2023
Q1: -0.09x
Med: 0.06x
Q3: 3.1x
Excellent +50 pts over 3 years

In 2023, the interest coverage of VOYAGES A. GLANTZMANN (6.5x) ranks in the top 25% of the sector. This ratio indicates how many times operating income covers interest expenses. High coverage means financial charges weigh little on profitability.

Working capital requirement (WCR) and payment terms

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 0 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 18 days. Favorable situation: supplier credit is longer than customer credit by 18 days. WCR is negative (-40 days): operations structurally generate cash. Notable WCR improvement over the period (-325%), freeing up cash.

Operating WCR (2023) ?
Operating WCR
Definition
Financing requirement generated by the operating cycle (inventory + receivables - trade payables).
Formula
Inventory + Customer receivables - Trade payables
Interpretation
Negative = cash released
Positive = financing needed

-266 172 €

Customer credit (2023) ?
Customer credit (days)
Definition
Average payment term granted to customers.
Formula
(Customer receivables / Revenue incl. VAT) x 360
Interpretation
< 45j : Good
45-60j : Average
> 60j : Long

0 j

Supplier credit (2023) ?
Supplier credit (days)
Definition
Average payment term obtained from suppliers.
Formula
(Trade payables / Purchases incl. VAT) x 360
Interpretation
The longer the term, the better for cash flow

18 j

Inventory turnover (2023) ?
Inventory turnover (days)
Definition
Average storage duration for goods or materials.
Formula
(Inventory / Cost of goods) x 360
Interpretation
The lower the ratio, the faster the turnover

0 j

WCR in days of revenue (2023) ?
WCR in days of revenue
Definition
Expresses working capital requirement in days of revenue.
Formula
(Operating WCR / Revenue) x 360
Interpretation
The fewer days, the better the working capital management

-40 j

WCR and payment terms evolution
VOYAGES A. GLANTZMANN

Positioning of VOYAGES A. GLANTZMANN in its sector

Comparison with sector Transports routiers réguliers de voyageurs

Valuation estimate

Based on 85 transactions of similar company sales (all years), the value of VOYAGES A. GLANTZMANN is estimated at 306 089 € (range 134 856€ - 765 644€). With an EBITDA of 201 208€, the sector multiple of 1.4x is applied. The price/revenue ratio is 0.14x (conservative valuation). This multiples method compares the actual sale price of similar companies to their financial indicators (Revenue, EBITDA, Net Income). It provides a market-based indicative estimate.
Medium reliability: estimate to be confirmed with in-depth analysis.

Estimated enterprise value 2023
85 tx
134k€ 306k€ 765k€
306 089 € Range: 134 856€ - 765 644€
NAF 5 all-time

Valuation detail by method

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EBITDA Multiple 50%
201 208 € × 1.4x
Estimation 281 652 €
79 038€ - 799 279€
Revenue Multiple 30%
2 414 699 € × 0.14x
Estimation 341 170 €
256 727€ - 765 366€
Net Income Multiple 20%
124 123 € × 2.5x
Estimation 314 562 €
91 596€ - 681 976€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 85 actual transactions of similar company sales (same NAF code) registered with BODACC between 2016 and 2025.

  • EBITDA Multiple: Preferred method for profitable SMEs. EBITDA reflects the ability to generate cash.
  • Revenue Multiple: Used for growing companies or those with low profitability. Reflects commercial potential.
  • Net Income Multiple: Relevant for mature companies with stable results.

This estimate is provided for information purposes only. A precise valuation requires in-depth analysis (assets, liabilities, prospects, market...).

Similar companies (Transports routiers réguliers de voyageurs)

Compare VOYAGES A. GLANTZMANN with other companies in the same sector:

Voir toutes les statistiques du secteur Transports routiers réguliers de voyageurs

Frequently asked questions about VOYAGES A. GLANTZMANN

What is the revenue of VOYAGES A. GLANTZMANN ?

The revenue of VOYAGES A. GLANTZMANN in 2023 is 2.4 M€.

Is VOYAGES A. GLANTZMANN profitable?

Yes, VOYAGES A. GLANTZMANN generated a net profit of 124 k€ in 2023.

Where is the headquarters of VOYAGES A. GLANTZMANN ?

The headquarters of VOYAGES A. GLANTZMANN is located in MASEVAUX-NIEDERBRUCK (68290), in the department Haut-Rhin.

Where to find the tax return of VOYAGES A. GLANTZMANN ?

The tax return of VOYAGES A. GLANTZMANN is available on this page. Click on a year in the 'Data by year' section to view the account details (assets, liabilities, income statement). Data comes from INPI (National Institute of Industrial Property).

In which sector does VOYAGES A. GLANTZMANN operate?

VOYAGES A. GLANTZMANN operates in the sector Transports routiers réguliers de voyageurs (NAF code 49.39A). See the 'Sector positioning' section above to compare the company with its competitors.